Financials Guangxi Wuzhou Communications Co., Ltd.

Equities

600368

CNE000001626

Highways & Rail Tracks

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
4.45 CNY +1.83% Intraday chart for Guangxi Wuzhou Communications Co., Ltd. +3.73% +12.66%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,456 5,088 4,120 4,581 4,232 4,891
Enterprise Value (EV) 1 9,081 10,509 9,030 8,073 7,155 7,136
P/E ratio 8.15 x 5.8 x 7.32 x 6.53 x 7.27 x 7.4 x
Yield 3.71% 1.77% 4.13% 4.62% 1.38% 2.71%
Capitalization / Revenue 1.9 x 2.37 x 2.39 x 2.5 x 2.51 x 2.99 x
EV / Revenue 4.99 x 4.89 x 5.24 x 4.41 x 4.24 x 4.37 x
EV / EBITDA 9.1 x 11.2 x 11.2 x 7.28 x 7.49 x 6.88 x
EV / FCF 12.2 x 11.5 x 67.6 x 6.08 x 6.98 x 42.3 x
FCF Yield 8.17% 8.72% 1.48% 16.5% 14.3% 2.37%
Price to Book 0.97 x 1.18 x 0.86 x 0.86 x 0.74 x 0.78 x
Nbr of stocks (in thousands) 1,238,195 1,238,195 1,238,195 1,238,195 1,238,195 1,238,195
Reference price 2 2.791 4.109 3.327 3.700 3.418 3.950
Announcement Date 3/14/19 3/30/20 3/30/21 3/30/22 3/30/23 3/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,819 2,147 1,723 1,830 1,687 1,633
EBITDA 1 998.3 935.9 802.7 1,109 955.7 1,038
EBIT 1 736.1 658.1 485 770.4 689.7 734.1
Operating Margin 40.46% 30.64% 28.15% 42.09% 40.9% 44.95%
Earnings before Tax (EBT) 1 478.4 970.1 642.8 807.5 662.9 759.5
Net income 1 424.1 877.7 564.3 701.7 581.8 660.7
Net margin 23.31% 40.87% 32.75% 38.34% 34.5% 40.45%
EPS 2 0.3425 0.7088 0.4545 0.5667 0.4699 0.5336
Free Cash Flow 1 741.6 916.1 133.5 1,328 1,025 168.8
FCF margin 40.76% 42.66% 7.75% 72.57% 60.75% 10.34%
FCF Conversion (EBITDA) 74.29% 97.89% 16.63% 119.83% 107.21% 16.27%
FCF Conversion (Net income) 174.85% 104.37% 23.66% 189.3% 176.1% 25.55%
Dividend per Share 2 0.1036 0.0727 0.1373 0.1709 0.0473 0.1070
Announcement Date 3/14/19 3/30/20 3/30/21 3/30/22 3/30/23 3/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 5,625 5,421 4,910 3,491 2,923 2,245
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.635 x 5.793 x 6.117 x 3.15 x 3.058 x 2.163 x
Free Cash Flow 1 742 916 133 1,328 1,025 169
ROE (net income / shareholders' equity) 11.9% 22.2% 12.5% 14% 10.6% 11%
ROA (Net income/ Total Assets) 4.32% 3.82% 2.83% 4.79% 4.44% 4.76%
Assets 1 9,817 22,989 19,938 14,646 13,109 13,871
Book Value Per Share 2 2.880 3.490 3.880 4.310 4.610 5.090
Cash Flow per Share 2 0.6800 0.4900 0.4000 0.4400 0.7600 0.5800
Capex 1 19.7 96.5 50.8 9.22 632 244
Capex / Sales 1.08% 4.49% 2.95% 0.5% 37.49% 14.94%
Announcement Date 3/14/19 3/30/20 3/30/21 3/30/22 3/30/23 3/29/24
1CNY in Million2CNY
Estimates
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